How to apply for a loan?
If you are a first-time homebuyer, click Apply Now on the company’s website. There will be a form called “My Loan Application”. You will have to fill in all the details:
- Loan details: state the type of loan you want to get, your home price, down payment, and loan amount;
- Personal information: your name, email, phone number;
- Expenses: the loan-to-value ratio and DTI;
- Assets: what kind of income you have;
- Employment and income: your job details;
- Liabilities: other loans and debts;
- Summary: check all the details and submit.
The company’s representative will contact you via email or phone and state whether you are approved or rejected. In case of the approval, you will be working with the loan officer on the loan details.
Requirements
The main requirements of Weststar Mortgage are:
- Being of age 18 or more
- Having the US citizenship
- Prove you receive stable income
- Your home should be your primary residence.
The company will check your financial situation and the property documents.
Application details
Weststar Mortgage requires you to attach the following documents to the application form:
- Your identifying card's photo
- Agreement for sale
- Social security number
- Property parcel number (for real estate)
- Closing statement (if it is closed by title company)
- Birthday information
- Employment information.
